RE:RE:Do you know why this stock isn't going anywhere?tamaracktop wrote: tamaracktop wrote: The shares from the recent financing become tradeable on July 9th.
A good portion of the subscribers to the issue will try to sell their shares above $1.00 and keep the warrants for free.
Going by the 30-day average volume, if half the subscribers try to do that, it would take 3 weeks to deal with the supply.
The trust can start selling again on Monday.
There's a boatload of supply on the horizon.
When the newly issued shares become tradeable on July 9th, the owners will do one of two things.
They'll either hold, or they'll sell.
They won't buy.
Why would they wait for their shares to become freely tradeable to buy more in the open market?
There's tremendous supply for the foreseeable future.
You're looking at dead money at the very best.
This stock isn't going higher.
It's no coincidence that the company is hoping to close the financing the week of July 6th.
That's the week before the new shares from the last financing becoming traceable.
So next week the trust can resume spelling, and HPQ will very likely, almost certainly, miss a $3.7 million payment.
The following week the company will try to close an issue of unsecured convertible deb's that can pay interest in stock instead of cash at the company's option.
And the week after that the disgruntled new owners of 2.5 million shares will be able to sell those shares for the first time.
Meanwhile the company's strategic investment looks poised to make a new 3-year low.
Fudsters are losers and idiots?
Says who ?
The pumpers here, that's who.
Ha! That's rich!
You're all looking at the makings of disaster.